Do debt crises boost financial reforms?

Utilize este identificador para referenciar este registo: https://hdl.handle.net/1822/30656

Título:	Do debt crises boost financial reforms?
Autor(es):	Agnello, Luca Castro, Vítor Jalles, João Tovar Sousa, Ricardo M.
Palavras-chave:	Financial reforms Debt crises Recessions IMF stabilization programmes Paris Club Institutional quality G28 P16 P11 N20 P34
Data:	2015
Editora:	Taylor and Francis
Revista:	Applied economics letters
Resumo(s):	Using a panel of developed and developing countries and data for the period 1980 to 2005, we find that debt crises trigger financial reforms.We also show that (i) when general economic conditions deteriorate, financial reforms become more likely to take place; (ii) IMF-stabilization programmes and sovereign debt restructurings favour the implementation of financial reforms; and (iii) the quality of economic institutions strongly boosts financial reforms.
Tipo:	Artigo
Descrição:	"Published online: 15 Aug. 2014"
URI:	https://hdl.handle.net/1822/30656
DOI:	10.1080/13504851.2014.943878
ISSN:	1350-4851 1466-4291
Versão da editora:	http://www.tandfonline.com/doi/abs/10.1080/13504851.2014.943878#.VFCvdTSsVKU
Arbitragem científica:	yes
Acesso:	Acesso restrito UMinho
Aparece nas coleções:	NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica